Dell Technologies Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc.

DELL 138.80

-2.7%

Nov 11 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: yard_man who wrote (169639)	5/16/2002 9:23:07 PM
From: yard_man	Read Replies (1) of 176387

Double counting is just about the same as lying in my book -- I don't believe that these option sales weren't contributors to earnings. If they were contributors to earnings, then the CFO can't claim that they counted toward reducing the cost of the buybacks. And for all the buybacks, what has happened to shares outstanding? What a bunch of smoke and mirrors ... This share repurchase program is nothing more than a transfer of wealth out of the company to the insiders. >>Dell's Chief Financial Officer Jim Schneider defended the company's share repurchase plan, which has been criticized in some news reports as being too costly. He said the use of "put" and "call" options since 1996 has enabled the company to buy back shares at an average price of $10.90 a share. <<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next